The Association of Chartered Certified Accountants (ACCA) is a leading worldwide expert accountancy frame that gives the Chartered Certified Accountant qualification. ACCA has certain exemption rules that allow students with previous applicable qualifications to get exemptions from a few ACCA papers.
About IGNOU B.Com Programme
Indira Gandhi National Open University (IGNOU) is certainly one of the largest open universities in India imparting splendid schooling via distance getting to know. The Bachelor of Commerce (B.Com) program offered by using IGNOU follows the choice-based total credit score system.
Students have to finish a total of 96 credits to get the B.Com diploma. This consists of:
- 74 credits of middle courses
- 16 credits of optional courses
- 6 credits of project work
The B.Com curriculum covers key trade and accountancy subjects like economic accounting, corporate accounting, price accounting, commercial enterprise communication, economics, and enterprise regulation.
ACCA Exemption Policy
ACCA grants various exemptions to students who’ve completed applicable qualifications before beginning the ACCA course. The eligibility criteria for exemptions are based totally on:
Prior ACCA Papers Passed
If a student has already passed a few ACCA papers, those exemptions will be delivered ahead.
Recognized Exemption Partners
ACCA has ties with numerous instructional institutes globally whose qualifications it recognizes for exemptions.
Content Match of Previous Study
The content of the student’s preceding have a look at is matched to the ACCA syllabus to decide if an exemption can be granted.
Exemptions for IGNOU B.Com Graduates
Based on the above criteria, the exemptions normally granted to IGNOU B.Com graduates are:
Foundations in Accountancy (FIA)
FIA is the introductory degree of the ACCA direction. IGNOU B.Com graduates can get an exemption from the following FIA papers:
- FIA FAB Accountant in Business
- FIA FMA Management Accounting
- FIA FFA Financial Accounting
Knowledge Level Papers
At the Knowledge level, the subsequent exemptions are presented:
- BT Business and Technology
- MA Management Accounting
- FA Financial Accounting
- LW Corporate and Business Law
So in general, IGNOU B.Com graduates get 7 paper exemptions inside the ACCA course primarily based on their earlier B.Com observations.
Key Benefits of ACCA Exemptions
The ACCA exemptions presented to IGNOU B.Com graduates provide several advantages:
Reduces path length: Students can whole the ACCA direction faster as they do not have to look at these 7 exams.
Saves time and expenses: The exemption approaches less time spent on studying redundant subjects already included in B.Com. The overall cost of ACCA also reduces.
Entry at higher degrees: Students can at once begin at the Skills stage of ACCA after getting exemptions.
Motivation to start: Exemptions inspire college students to sign up for ACCA as they don’t have to begin from scratch.
Conclusion
In summary, graduates of IGNOU’s B.Com program are eligible to get exemptions from 7 checks of the ACCA qualification. This makes obtaining the ACCA certification extra handy for IGNOU students by way of lowering the study time and fee burden. The exemptions granted understand the excellent education provided through IGNOU’s B.Com program on par with worldwide standards.
Each and every course in IGNOU has Assignments in it for which SOLVED ASSIGNMENTS for IGNOU students is available (solved assignments) which should be in IGNOU HANDWRITTEN ASSIGNMENT ( handwritten assignments ) format. Also for a few courses like Master’s Degree there are IGNOU PROJECT AND SYNOPSIS (project and synopsis) too.
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